Property profile

32 Grand Ave Old Orchard Beach, ME 04064

OFF-MARKET
Retail properties & Spaces
Property ID
US42-0358633
3,384 SF 0.11 ac lot Built 1970
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1970
Construction FRAME
Total area 3,384 SF
Lot 0.11 ac (4,730 SF)
Zoning code DD-2
APN OOBH M:305 B:6 L:1
UPID US42-0358633

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub
  • Restaurant Take-out & Catering
  • Clothing Store

Location

32 Grand Ave Old Orchard Beach, ME 04064-2810
Old Orchard Beach metro Census 6105 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$480k

Owner & transaction history

since 2022
Last sale
$375,000
2 recorded transactions
2022
$375,000
2006
Price N/A

Zoning & alternative use

DD-2 · Old Orchard Beach, ME
Zoning description

Downtown District-2 (DD-2) Sec. 78-746. - Purpose. The downtown district 2 (DD-2) represents a natural expansion of the DD-1 district into adjacent underutilized parcels for the purpose of increasing the critical mass of…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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